Isn't it time for you to enjoy peace of mind? The Home Equity Conversion Mortgage (HECM) is FHA’s reverse mortgage program, which enables you * access to the equity in your home.
Benefits of Reverse Mortgage
A reverse mortgage is a special type of home loan that lets you convert a portion of your equity into cash.
You don’t need an income to qualify. With a reverse mortgage, your equity pays you because you’ve earned it.
You choose how you want to withdraw your funds. You can select a fixed monthly amount, a line of credit, a lump sum or a combination of all three. There are no monthly principal and interest payments like there is with a second mortgage or a home equity line of credit.
Don’t worry about where you’ll find the money for your next bill. Reserve mortgages have changed and folks are using them for many different reasons. Whether or not you have a mortgage, we can discover how a reverse mortgage would work for you.
HECM is a safe plan that can give you greater financial security- it can supplement Social Security, meet unexpected medical expenses, make home improvements, and more.
Benefits of Reverse Mortgage
- Continue to live and own the home without having to make a mortgage payment
- Obtain money for things such as home repairs or improvements, property taxes, and more.
- Supplement retirement income
- Cover medical expenses.
- And more.
A reverse mortgage is a special type of home loan that lets you convert a portion of your equity into cash.
You don’t need an income to qualify. With a reverse mortgage, your equity pays you because you’ve earned it.
You choose how you want to withdraw your funds. You can select a fixed monthly amount, a line of credit, a lump sum or a combination of all three. There are no monthly principal and interest payments like there is with a second mortgage or a home equity line of credit.
Don’t worry about where you’ll find the money for your next bill. Reserve mortgages have changed and folks are using them for many different reasons. Whether or not you have a mortgage, we can discover how a reverse mortgage would work for you.
HECM is a safe plan that can give you greater financial security- it can supplement Social Security, meet unexpected medical expenses, make home improvements, and more.
